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Actionable news in ROST: Ross Stores, Inc.,

Departure of Directors or Certain


On November 2, 2015, Brian Morrow accepted an offer from Ross Stores, Inc. (the Company) to join the Company as its President and Chief Merchandising Officer, dds DISCOUNTS, with an expected start date of December7, 2015. Mr.Morrow will report to Barbara Rentler, the Companys CEO.

Mr. Morrow, age 55, previously served as President and Chief Merchandising Officer of Stein Mart, Inc. [NASDAQ: SMRT] since April 2014. He joined Stein Mart in February 2010 as Executive Vice President and Chief Merchandising Officer.

In connection with his employment, Mr. Morrow has entered into an employment agreement that provides for him to serve an initial term through March 31, 2019 (subject to renewal by mutual agreement), and to receive a salary of $925,000 per year and an annual incen tive bonus with a target of 90% of salary. He will receive two initial Restricted Stock Awards, as of his start date and based on the closing price of the Companys common stock on...